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Healthy Returns: J&J, Merck and Bristol Myers Squibb are in the hot seat - TL;DR CNBC

Healthy Returns: J&J, Merck and Bristol Myers Squibb are in the hot seat

Publishing timestamp: 2024-01-30 13:52:54


Summary

The article discusses the upcoming Senate hearing on high prescription drug prices, where CEOs from Johnson & Johnson, Merck, and Bristol Myers Squibb will testify. These companies manufacture some of the most expensive drugs in the US. The article also mentions the Medicare drug price negotiations and the challenges faced by the pharmaceutical companies due to upcoming patent expirations. Additionally, it mentions Apple's launch of its mixed reality headset, Vision Pro, and its potential use in healthcare. Lastly, the article briefly mentions the author's experience testing a continuous glucose monitor from startup Signos.


Sentiment: MIXED

Tickers: BMYJNJMRK

Keywords: health care industrybristol-myers squibb cobiotech and pharmaceuticalsmerck & co incjohnson & johnsonunited statesbusiness news

Source: https://www.cnbc.com/2024/01/30/healthy-returns-jj-merck-and-bristol-myers-squibb-in-the-hot-seat.html


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